#BarbaraCorcoran #realestate #SharkTank
Barbara Corcoran, founder of Corcoran Group and star of ABC’s Shark Tank spoke with Yahoo Finance’s Akiko Fujita and Zack Guzman about the outlook for the real estate market, including investment opportunities and price increases going into 2022.
Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
WATCH HERE:
Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube:
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Cashay.com
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
Barbara seems like good smart time!
Barbara Corcoran knows.
Boo hoo!!! Too bad for landlords, guess you’ll have to find some other passive income
Landlords have the upper hand. Government butted in and screwed the rental market. Unfortunately time for renters to pay up now
@m ph You are correct. I have houses sitting empty, simply not going to risk more non paying tenants. I’m on break and perhaps in the spring I’ll rent homes again. But for now I still have non paying renters living for free while I provide a maid to clean after them. Because of a few, others will go without.
@Dancing Alone wRentals Send them packing. Hire the professionals and evict them, or offer cash for keys.
what?
@m ph tHanks, I’m waiting on the court process. The courts do all they can to slow down the tempo so to help the tenants. I just wait my turn
The government could increase the housing supply if it wanted to…
Housing isn’t going to increase. In 10-20 years a lot of old people are going to start dying. If we build a lot of housing now, all of their properties will flood the market in 10-20 years and there will be too much property
Government is not into managing housing
There are also investors keeping properties on the market to avod paying taxes, and then secretly buying them up before anybody else. Buddies with realtors…
Really, it looks like we’re going to have to go back to project housing.
Here’s a solution. Stop giving illegals free housing. Close the doors. Problem
Solved.
You will own nothing, and you will be happy.
This world sucks man
Let’s go Brandon! FJB
I refuse to be told to be happy
They mention changing jobs, but even a substantial pay increase might not be enough to price you into a new market. And in Texas, we don’t have those kinds of regulations–pay might increase 3-5% next year at a steady job with an established employer; maybe 10-20% with a nice promotion, but the rent for my apartment is going up 30%. People will have to either find a way to buy in this market or they’ll majorly downsize. Either way, unless you can be really strategic and get kind of lucky, your money’s going to be worth a lot less six months from now.
Well, for families who get along, they’re just living together as a family and saving. I’d rather pay my relatives too than some greedy landlord who won’t keep to their end of the maintenance bargain.
Agreed. Makes it possible to save more, too.
Most relatives take advantage of their family and only pay a fraction of what the market price is for rent. Using a relationship to take advantage of a family member to save more money for oneself is not greed at all.
Calling all landlords greedy cause you had bad experience is childish. Be lucky there’s a landlord to rent to your ass if you can’t afford to buy.
Stop acting like home owning is a right. Is not. It’s a luxury that intelligent people use to profit
@Sean Thompson who said all landlords
@Johnna Mark he legit said “I’d rather pay my relative than some greedy landlord” the implementation was there.
did NOT expect to hear Pittsburgh…..ack, guess i am done buying
Could our installed president be anymore clueless and pathetic and weak and sad
Covid tax
The ever growing number of wealthy people/investment firms hoarding properties and creating artificial demand is what’s really causing the unsustainable housing cost increases.
well said…just like ZILLOW buying it all up….but municipality like in L.A. are working on banning that type of behavior…but they are YEARS behind…best to be more patient in a market that is not normal.
That is not the cause but rather the symptom. Blame goes to govt and Fed policy that killed the bond market so institutions migrate to rent generation to make up typical bond revenues. Add the billions the Fed pumps into mortgage backed securities and you get the current housing market….further skewed by stopping foreclosures and rent moratoriums.
Fact!
Wrong ! It’s our new people in power and the spending spree , people need to wake up and get a clue .
She is correct!
Thats not happening. That stopped happening this summer.
Today Shiba, Doge, NFT’s, Solano, Cardano Ada, Eth, Tether, xrp and Bitcoin also Gold / Silver is not only a meme coin, but it proposes new form financial freedom
@Brandon Craig BS LIES
@David Jasso not lies. I’m a living testimony of Mr Rick Wayne he has me out of loosing and me huge profits over some days now all thanks to Rick
@Jules Brags lies.their is no way that prson got you 10x times your crpto investment in weeks its a scam
@David Jasso not scam jasso. his good with the current fluactuation price in market he brought me out of loosing from those scammers on YouTube
@Brandon Craig I DON’T BELIEVE IT SOUND LIKE PONZI SCHEME
Excellent video!! Thank you!!
@2:48….Savage burn
The “regulatory environment” is the problem, not the solution.
how so? If there wasnt a reg then people would get priced out lol
They’re the reason we’re in this mess in the first place
The fed printers are the problem
She always gives the most ice cold advice that we all know but don’t wanna hear. Be rich and you’ll be fine. Other than that you’re fucked
Never look to a sales woman for an accurate assessment of fair market price. It is akin to walking into a car dealership and asking the salesmen what is a good fair price to pay for a car.
Exactly
Agreed
Oh great, the tyranny of boomers never ends. Buy those REIT’s and keep using real estate like a casino. We don’t need jobs, homes, education or food. We don’t even need hope or a future.
“I’m a land lord”…hahah..”nobody can buy, afford rent or find anything cheaper, they have nowhere to go”..haha..”you should become rich magically by getting better jobs and then you can afford it, but of course you can’t”…hahaha
Hello fellow landlord, it’s a catch 22. The country thinks it’s our fault.
@Landlord Nation still nothing to laugh about. Zero social or self-awareness!
I’m struggling to buy my first home right now. I didn’t think anything she laughed about was one bit funny.
@R G find a better job… haha
In 6 decades I’ve never met anyone who said Realestate is affordable. It is supply/demand balanced on a razors edge.
Why is he praying the interest rates go up 3%?? The prices may be up right now but the interest rates make the loans cheap..BUY, shop off market, be competitive when you make offers, stop saying “it’s depressing” there’s opportunity still
If rates go up, big money stops buying because they get to borrow much cheaper
Hahaha Barbara.! Ridiculus interview with a B.
If you are in the position to purchase a small modest home please do. This environment nay not change for now
Buyers are not individuals, wake up and smell the coffee. Whatever goes up must go down soon.
Hi, Vous devez arrêter de bloquer les pages de recherche conformément à la loi. Tout le monde a droit de continuer de surfer sans obligation d’accepter vos cookies . Sachez que vous ėtes hors de la loi et condamnable
A real estate person saying real estate will do well, shocker
i bought a house in August and feel really glad i did. Yeah i paid a high price for it but it went even higher after i bought and it’s only going to continue to go up. There is no housing crashing coming. This is inflation!!
Also i like her question dodge regarding crypto. She basically says shes more comfortable investing in real estate than crypto and I think that’s great!! She’s smart!!
“There is no housing crash coming “ yeah they say that every time
You should invest in both.
Bad news housing crash incoming 100% it’s inflation mix in with everyone leaving New York and California but now come the fix and the crash all at the same time
I too say off the wall things to make myself feel better about bad decisions
The landlords are even screwing the people who did the right thing, paid every month on time, take excellent care of the property, quiet and responsible. I know several people who go enormous rent increases and they paid through the whole pandemic. Good people always get the FU ..
@sedin bektic I actually have no issues or problems with Rental increases, $50.00, 75.00 bucks more a month, understandable! It’s the $200.00 $400.00, $700.00 increases that is flat out gouging. Taxes, insurance and repairs did not go up 400, 700 per month. That’s just greed and gouging. It’s terrible
@Not good enough for Realtors in AZ
I totally understand, I wouldn’t like my rent increasing that much at once. Landlords that are reasonable at increases of rent are once to stick around with.
Wat tenant is that??🤣🤣. Tenants put landlord thru hell throughout this whole PLANDEMIC! I hope they throw all of u out who got money n didn’t pay bcuz of the CDC
@Not good enough for Realtors in AZ if u don’t own a house u have no idea wat went up🙄
@Buggu There’s a small majority of A-holes that screwed the landlords over. The larger majority paid on time, the larger majority are responsible hard working people. A close friend of mine is a large landlord of 400+ units and told me it was less than 2% that didn’t pay. Sorry you are wrong. Also working in the Forbearance knowing stats you ARE wrong.
There are literally dozens/hundreds more homes for sale in my area in the past ,2 months alone, homes are sitting much longer or not selling at all
So you are saying your area does not provide for jobs providing much and is therefore not very much looked for?
@James Brown if you say Miami beach does not provide jobs and is not looked at then yes 🙄, Miami is very busy, but the amount of investors, abandoned houses, houses that are perpetually for rent or vacation homes is insane, and the amount of flippers is literally hilarious
location, location, location
NICE VIDEO !! Very engaging from the beginning to the END. Nevertheless business and investment are the best way to make money irrespective of which party make it to the oval office
@Elliott Jeopardy I think someone has drop his contact info above
These the kind of information that we don’t get from most YouTubers I will get in touch with him right now
@Jeffrey M. Schiro Thank you for your time and support 🙌 I’ll contact him now
No matter wat… I can say one thing……I WILL NEVER VOTE FOR ANOTHER COMMUNIST IN AMERICA!
I advice you should have a trial with him tell him I referred you so he guides you directly
She full of it. Its going to crash 😴
Let’s go Brandon!
Thank you Ladies
Wow
Laughing about the tents
I guess she doesn’t have to see it.
I leave my home that I pay hi taxes on and I see tent city outside my door practically
NOT FUNNY
They’ll Soylent green those folks when food gets priced high enough, then feed it to the environmentally conscious crowd
You know she makes herself look really bad in this video I mean really bad
@James R this ole b***** can’t help it… she made joke about Woopie weight ThatZ just how inconsiderate she is
Such a disgusting creature …
thanks for coming to pittsburgh, but we don’t want you to make a fortune off of us. bye.
I believe next year, a wink away, will be worse with a rising high frantic demand for housing and not enough supply. It’s scary.
No foreclosures and falling is dollar will and population decline will lead to a housing downturn
@Hello!, I too believe there is going to be a population decline that will be directly impacted by the housing crisis. There is no such thing as NO foreclosures, but I suspect multigenerational family members moving in together will decrease foreclosures. The projection of the rise and fall of the dollar…hmmm…I agree again. I think it’s going south.
Where are lumber prices headed in 2022 – 2035 and beyond? Building supplies, labor and land costs appear to be going in one direction.
WRONG!!! Come to Austin – SO much inventory and massive number of new construction – prices are dropping.
Parasitic rentier class gonna parasite.
In Jehovah God’s new world ruled by Christ Jesus the earth will be a paradise, no-one will be poor, sick, hungry, or homeless! 😀😀 Isa 65:21,22
Ehh I don’t believe what she’s saying. It’s looking like the opposite in Chicago. There has never been this much construction during this time of year. So much new inventory and the buyer pool has been shrinking for months now. A lot of properties are back on market because they can’t close. They Priced too high and the bank is not appraising them out so buyers need to bring a lot of extra cash to the table that they don’t always have or are not comfortable with spending. Prices are still high but the frenzy of ppl competing to pay the most for the house has slowed down and we’re starting to see some pre foreclosures popping up.
Chicago lol
Old lady Barbara is laughing at our plight now but what about two to give years from now (if she’s still alive) when the government just exercises eminent domain and rents our those properties as government owned units. These opportunistic landlords (greedy) will help push the public’s acceptance of the government taking over private property.
It’s all so funny to Barbara…
Going forward I’m going to rent out homes one at a time. If I can’t find a trustworthy tenant the homes will just continue to sit empty. To this day I have a tenant who has not paid rent in over a year, because of him others have been turned away. I rent a little below market so to help tenants. My tenants are my employers and I won’t work for negative people. Merry Christmas everyone!
I had to provide literally more proof of income and job to lease than I did to purchase my house. + 6 month rent up front. Insane. I could not find another rental anywhere.
@jane lewis It is sad how good tenants like you need to jump through so many hoops because poor behaving tenants came before you.
1 year no rent, what is the reason
@Real Freedom tHanks for the question. He is 22 years old and says there are no jobs available. He worked at Best Buy and Burlington Coat Factory before they cut his hours. (Yes, if they cut your hours during 2021 you probably are a pot head unable to work even easiest tasks they assign you).
It’s money or God. Some will see nothing else. Open game indeed Barbara.
What a bunch of lushes, completely disconnected. Tell the reporter’s to quit their jobs and ask for more money. What a joke.
2:42 Awkward Moment!
2:48 Awkward Moment! 2
Apartments go up every year and no one complains . Don’t get mad if your landlord (single family home) has to raise the rent . What are we suppose to do when taxes and repairs come up ?
Please. Landlords been jacking rents crazy for years now. This ain’t about repairs, it’s about greed.
I keep my rents below market and in return i have stable, paying tenants. Im not out to get rich off them. I need the extra steady income. Tenant turnover costs a lot. Better to be reasonable and keep tenants satisfied so they stay.
Lol, my landlord tried to raise my rent, i said i would move out and they would lose over $15k a year. They shut up
@T S Im a good tenant I pay every month and make sure I take care of the apartment and clean it weekly . I see it as a good thing to take care of the apartment the best I can . Ive seen other people’s apartments and they are so messy . It must be tiring dealing with hoarders and people who leave the apartment beyond repair time and time again.
Ni
Shes very money focused and I say that as a landlord. It’s kind of ugly.
Your property isn’t going up in value, the dollar is going down so it costs more dollars to buy the same thing
Call it what you like, the prices are not going to come down without another ‘08 style recession.
Poor Barbara. She hasn’t figured it out:
The US dollar is crashing so fast till the housing market cannot help but keep going up. It’s because there are too many dollars in the system.
The beer illness money-printing was so much till they printed more money giving out stimmy checks 4 corporate America than they did in all the previous years of US history!
America is a predatory country. Money always comes first.
She joking like its funny..thats why billionares etc are terrible…did she give us any real info to help people?
She did give advice. “Stay put.” The situation is CRAZY right now. Not a lot you can do unless you are the seller.
Why she look like she’s cracked out.?
Ignorant arrogant attitude. Snickering at the not so fortunate.
Only a rich person wud laugh wen talk n about a situation like this😐
Real estate has never ever been affordable …. Nothing she says was worth laugh n or even to smile about
Theres tons of new homes being built right now in the SF bay area and outlying counties. There’s no housing shortage around here. This is a fabricated story controlled by greed of companies like Zillow, Blackrock, etc.
Rental market recoil on “lost time” will be severe. Agree.
It will all blow up sooner or later…. all in good time…. the question is when….
People voted for free money (more money handouts for doing nothing, low rates, etc.), this is the result. People are literally getting what they voted for.
And for that reason she’s out
Rental pricing going up and landlords asking 3 months deposits .
Some require 12 months.
How in the world can the average person even begin to afford this? All our money goes to pay the bills now. There is no way to save a dime if all your money goes to the land “lord”
@PerpetualMotion first of all try to be above average , second , the landlords had 2 years of hell with people not paying rents when everybody else was getting free money , this situation now it’s just natural behavior to protect themselves . That’s how I see it at least
These journalists must be idiots, they don’t recognize what’s driving sales.
In 25 years they’ll be giving the homes away that you paid triple for.
Boomer laughs as the next generation on either side of her suffers….”buy a tent” she says.
She is so coolest with this thinking soon she will be on the street
On zillow she will lose 50%?
Move in with your parents
Landlords will always charge the maximum that the market will bear and to say anything otherwise is like telling people that the sky is purple. It’s like testing someone’s stupidity and gullibility.
It’s supply and demand on steroids.
Speculating high inflation with super low interest caused Wall Street and asset holders including homeowners to buy more houses. Around here in Seattle suburb, income vs median price got skewed to insecure level, only people still buying are moving up homeowners using gains from sale or leveraged homeowners getting more loans using existing equity or stock compensation.
The Two clowns asking her questions need to be replaced ! The rental market only goes down drastically in a depressed area . Keep Your rental if it’s in a growing market . And 200k at 3 % is 148k at 5.5% with the same $843 payment
Rental market decreases when demand slows down. It’s seasonal. Extremely high demand in the summer and hardly any demand in the winter. I can say this is the case for San Diego. It’s strictly supply and demand. I also have 15 years working in luxury apartment rentals. I’ve seen first hand how these large property management companies price their apartment homes. They invest in expensive pricing software such as LRO, Yieldstar, and a few others I can’t remember at the moment. But these systems are very sensitive to activities and will spike up the prices on the remaining available homes as soon as one of that same floor plan is rented. I’ve seen prices spike as much as $100 in a day because one unit was rented. So now all remaining available units are $100 more per month because they are down one available unit to rent.
Unfortunately, she is correct.
Barbara is spot on. Next year will be BRUTAL for home buyers. I see a near term top around March/April 2022 before correcting through the summer and heading to new highs by the end of 2022.
Renting is technically the most economic option in a high home price area.
Also, rental is the ONLY option if you simply cannot afford or find a house to buy in your prefered location. House price inflation plus cost-of-living inflation in the coming months mean that rentals will become even more in demand.
Renting is the worst thing to do if you plan on getting ahead in life. You get nothing for your rent payment. You can pay that same rent money to use on home payments and own the home. When you want to move then you sell the home and get all your money back. You may not make any money but you wont lose $1000’s in rent to a landlord, you will still have all your money.
@Sean H In very expensive areas the mortgage-to-rent ratio can be very high, so you simply cannot afford to buy.
Rental is the best option for me. I like to move around every 3 years. I get tired of neighbors, same environment. The best decision was to sell my house and invest and travel, when necessary. I minimize everything in my life. No debts, I cook my own meals, brew my own coffee. You can’t beat $30 spending on groceries. I can’t stress about lack of funds. I was financially unstable in my early life. I had to make drastic changes. Lessons learned!